Obamacare Is Sucking Up To 10% Of Americans' Incomes
Submitted by Tyler Durden on 12/28/2015 08:50 -0500

The latest dilemma facing economists is why "unequivocally good" low oil prices haven't sparked excuberant consumer spending across America. We have discussed the simple (though awkward for the establishment) answer many times - soaring costs for 'shelter' and healthcare have hoovered up every penny saved (and more); and now, a new study proves it- exposing the reality that many Obamacare customers pay more than 10 percent of their incomes toward coverage (and some paying considerably more).

The shocking findings show that, as CNBC summarizes, One in 10 Obamacare customers who earn between just two and five times the federal poverty level will have coverage costs that exceed 21 percent of their incomes, an analysis by the Robert Wood Johnson Foundation and the Urban Institute found.



And the median Obamacare customer who earns in that range spends more than 10 percent of their income on monthly premiums and out-of-pocket health expenses, the analysis found.

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"Many who have modest incomes have high financial burdens even with average medical expenses," the report said.

"For those at the top of the [health] spending distribution, financial burdens are very high."

"You start to get hit pretty hard," said John Holahan, an Urban Institute fellow, and co-author of the report.

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So in case you were wondering why your 'pocket book' never improved - it's simple - the commandeerer in chief's plan has sucked up all your extra savings.

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Lots More:
http://www.zerohedge.com/news/2015-12-28...ericans-incomes


Here's one person's experience:

December 31, 2015
The ObamaCare Wolf, Scratching at Your Door
By William Tate

"It's awful," the stressed-sounding voice on the phone declared. "It's just awful."

The voice belonged to my primary care doctor's office manager. She had just told me that my doc would not accept my health insurance in 2016, and that the nearest physician who would accept it is in a town a thirty-minute drive away. She was describing the dilemma that many of the doctor's patients now face. For our health insurance -- which we are now required by law to purchase, of course -- to be of any value, we will have to make an hour-long round trip just to see a doctor.

"If you like your health care plan, you'll be able to keep your health care plan, period."

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This year [2105], my PPO policy with the same company cost $570 a month with a $5000 deductible. Because of some conditions that have developed, I almost -- but not quite --reached the deductible in out-of-pocket medical expenses. That means my total medical costs, health insurance plus expenses, in 2015 totaled approximately $11,800.

Under the (U)ACA, [2016] my premium from the same company for essentially the same policy shot up 69%, my deductible went up 43%, and my total potential medical costs -- which were realized in 2015 -- increased by 57%.

That's the bad news. The good news is that -- thank you, Sandra Fluke -- I, as a middle aged man, now have access to free birth control pills.

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More:
Read more: http://www.americanthinker.com/articles/...l#ixzz3wNpTI8Gk
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Full Report on ObamaCare costs here:

http://www.scribd.com/doc/294147361/Obamacare-Costs